All agree that Banks need more capital and that a greater share of it should be pure equity, the strongest buffer against loss.

所有国家都一致同意银行需要更多的资金，而且纯资产作为对抗亏损最强劲的缓冲物应占更大份额。

Lower share prices may start to matter, since Banks count their big equity holdings towards capital.

自从银行将他们持有的股票债券计入资本，低的股价开始是个问题。

It may be a bitter winter. So far this year, only around 23% of the capital that has been raised by private-equity firms globally was allocated to Europe, the lowest share in years.

不过严冬还没过去，今年到目前为止全球私募的总融资额中只有大约23%将投往欧洲，这是数年来最糟糕的情况了。

Historically, net share issuance has been around 2% of total equity capital a year.

从历史上看，一年的净股票发行已经达到总股本的2%左右。

As a way of equity contraction, share repurchase involves capital structure and dividend policies of listed corporations, thus it can improve their internal stock value.

股份回购作为一种股本收缩方式涉及上市公司的资本结构与股利分配政策，因此是上市公司用以提高股票内在价值的重要手段之一。